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Tag Archives: Barrels
About Oando Energy Resources Inc. (OER)
OER currently has a broad suite of producing, development and exploration properties in the Gulf of Guinea (predominantly in Nigeria) with current production of approximately 5,205 bopd from the Abo Field in OML 125 and the Ebendo Field. OER has been specifically structured to take advantage of current opportunities for indigenous companies in Nigeria, which currently has the largest population in Africa, and one of the largest oil and gas resources in Africa.
ABUJA, Nigeria, March 29, 2013/African Press Organization (APO)/ – On February 6, 2013, the Executive Board of the International Monetary Fund (IMF) concluded the 2012 Article IV consultation with Nigeria.1
Gone are the days when packaging was just a standard container used to safeguard and transport items. Western Cape printing and packaging powerhouse, Colourtone Aries has seen demands in packaging evolve over the years. Packaging now plays a crucial part in the marketing mix and one that receives considerable attention from marketers.
Atlantic Energy (http://www.atlanticenergy.com) is a private upstream oil and gas group founded by Nigerian and international exploration and production (“E&P”) executives with an extensive track record and experience in the Nigerian E&P sector. The company currently operates in Nigeria and will continue in its Enduring Commitment to develop Nigeria and its abundant resources through energy and infrastructural development.
Libya could generate approximately five times the amount of energy from solar power than it currently produces in crude oil, research by Nottingham Trent University shows.
Government Ministers from these two regions gather as The Africa Middle East Investment Forum begins
NEW YORK, Nov., 2012 /PRNewswire/ — Reportlinker.com announces that a new market research report is available in its catalogue:
HOUSTON, Nov. 1, 2012 /PRNewswire/ — VAALCO Energy, Inc. (NYSE: EGY) today announced that, having received the approval of the Government of Equatorial Guinea, it has acquired a 31% non-operating working interest in a production and development area (“PDA”) in Block P, offshore Equatorial Guinea from PETRONAS CARIGALI OVERSEAS SDN BHD. VAALCO paid $10 million for the working interest.
LONDON , Oct., 2012 /PRNewswire/ — Crude oil output from the Organization of Petroleum Exporting Countries (OPEC) fell by 390,000 barrels per day (b/d) to 31.15 million b/d in September, with Saudi Arabia and Nigeria accounting for the bulk of the month-on-month drop, a Platts survey of OPEC and oil industry officials and analysts showed October 11. This follows August production of 31.54 million b/d and leaves OPEC overproducing its 30 million b/d ceiling by 1.15 million b/d.
THE HAGUE, The Netherlands, September 5, 2012 /PRNewswire/ –
LONDON, August 21, 2012/PRNewswire via African Press Organization (APO)/ — The global oil and gas industry is focused on exploring alternative regions for production, and deepwater pre-salt basins along Africa’s South Atlantic coast are a newcomer to the global frontier of exploration that has attracted majors and independents alike. With an estimated 75 billion barrels of untapped oil worth US$7.5 trillion in today’s prices, stakeholders in the region stand to make substantial gains if they exploit these resources effectively.
Oando Energy Resources Announces 2,400 bopd Test Results from its Second Zone (Level XIX) in the EB-4 Well
CALGARY, Alberta, August 20, 2012 /PRNewswire/ –
LONDON, July 23, 2012 /PRNewswire/ —
Independent Gross Prospective Report Includes (P50) Best Estimate of 7.79 Billion Barrels of Prospective Oil